Items filtered by date: 19 May 2017

Tunisia: Al Karama Holding, a state-owned company, has initiated a bidding process to sell its stake in Carthage Cement. The company has started a consultation process with investment banks and consultation firms to help it sell its direct and indirect stakes in BINA Group, that includes Carthage Cement, according to the African Manager website. The deadline for bids is 16 June 2017. The government owns an estimated 41% share of the cement producer.

Saudi Arabia: Hail Cement Company has obtained an export licence from the Ministry of Commerce and Investment. The licence is valid for one year from the date of issue. No significant financial impact is expected upon the financial results of the company.